Earnings Per Share

9 Months Ended

Jun. 29, 2013

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

The following is a reconciliation of the amounts utilized in the computation of basic and diluted earnings per share (in thousands, except per share amounts):

	Three Months Ended				Nine Months Ended
	June 29, 2013		June 30, 2012		June 29, 2013		June 30, 2012
Basic and Diluted Earnings Per Share:
Net income	$	23,204	$	23,533	$	57,795	$	61,361
Basic weighted average common shares outstanding	33,797		34,982		33,744		34,819
Dilutive effect of share-based awards outstanding	566		661		482		682
Diluted weighted average shares outstanding	34,363		35,643		34,226		35,501
Earnings per share:
Basic	$	0.69	$	0.67	$	1.71	$	1.76
Diluted	$	0.68	$	0.66	$	1.69	$	1.73

For both the three and nine months endedJune 29, 2013, stock options and stock-settled stock appreciation rights ("SARs") for approximately 2.0 million shares were not included in the computation of diluted earnings per share because the options’ and stock-settled SARs’ exercise prices were greater than the average market price of the Company's common shares and, therefore, their effect would be anti-dilutive.

For the three and nine months endedJune 30, 2012, stock options and stock-settled SARs for approximately 1.4 million and 1.3 million shares, respectively, were not included in the computation of diluted earnings per share because the options' and stock-settled SARs' exercise prices were greater than the average market price of the Company's common shares and, therefore, their effect would be anti-dilutive.

As a result of the Company's stock repurchase program, there were fewer shares outstanding for the three and nine months endedJune 29, 2013 as compared to the three and nine months endedJune 30, 2012. Refer to Note 14, "Shareholders' Equity" for further information on the Company's stock repurchase program.